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PGA Tour scraps Stephen Curry-hosted event after sponsor pulls out

The PGA Tour has scrapped a new event to its schedule, hosted by Golden State Warriors star Stephen Curry, after a sponsorship deal unexpectedly fell through.

The tournament was due to be held at Lake Merced Golf Club in Daly City in September. However, negotiations with potential title sponsor Workday, the finance and human resources software company in Pleasanton, broke off.

Tour officials decided to axe the event with little time to find a replacement title sponsor and substantial course changes needed to be made.

“We are still committed to bringing an event to San Francisco,” Curry said. “It just won’t be this year.”

“While it has been reported that sponsorship was the primary factor, this is untrue,” the Tour said in a statement. “The bottom line is the short timeframe for creating an event in early fall of 2019 created the biggest obstacle.

“We look forward to continuing discussions with Stephen Curry, his family’s foundation and other parties with the hopes of ultimately bringing a PGA Tour event to the Bay Area in the future.”